HMRC Announces £420 Bank Deduction for UK Pensioners – New Rule Effective from 5 March
Recent reports about a £420 bank deduction affecting UK pensioners have raised concerns among retirees who rely on pensions and savings for their income. The measure, introduced by HM Revenue & Customs (HMRC) and taking effect on 5 March 2026, is not a blanket penalty for all pensioners. Instead, it is a targeted system designed … Read more